US New Home Sales: September 2017

Contracts for new US home sales expanded by 18.9 per cent in September to a 667,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau Wednesday.

The solid reading in September returns new home sales to the positive growth trend it has been on for several years.

this is a very important graph: the latest data shows that new US single-family home building is not keeping up with demand